Trump said Amazon cost the USPS ‘billions.’ But the post office has a different explanation.

Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Business by Eli Rosenberg by Eli Rosenberg Email the author May 11 Email the author The U.S. Postal Service says that its large financial losses are caused by market forces and governmental constraints but not Amazon.com, in a release of its quarterly statistics that stood in contrast to pointed statements made by President Trump. Trump made waves in March when he declared that the Postal Service was losing money on every package it delivered for Amazon and falsely asserted that The Washington Post was a lobbyist for the company, before ordering a review of the service’s finances. While we are on the subject, it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon. That amounts to Billions of Dollars. The Failing N.Y. Times reports that “the size of the company’s lobbying staff has ballooned,” and that…— Donald J. Trump (@realDonaldTrump) March 31, 2018 The Post is owned by Jeffrey P. Bezos, who is the founder and chief executive of Amazon, but the two firms are independent of each other. But the Postal Service’s second-quarter results, which were released Friday, note that increases in shipping and package volume remained areas of strong revenue growth amid other declines and economic pressures, which added up to a $1.3… [Read full story]